ULBA METALLURGICAL PLANT JSC
One of the worldwide recognized producers of Uranium, Beryllium, Tantalum and Niobium products. The company is incorporated into the National Atomic Company “Kazatomprom” To the future with us!
Board of Directors Resolutions
2012
Forty two (42) meetings of the Board of Directors (in absentia) were held in 2012 where 53 issues were discussed and resolutions made, including on:
- Eighteen (18) transaction of interest for the Company;
- Preliminary approval of the Company’s annual financial reporting for 2011 and dividends distribution for 2011;
- Approval of audited financial reporting for 2011 of the Company’s subsidiary organizations;
- Approval of the Company’s and subsidiaries’ scheduled documents;
- Approval of the Company’s internal documents;
- Sales of subsidiary organizations share;
- Appointment of the Company’s Corporate Secretary.
2013
Fifty three (53) meetings of the Board of Directors were held in 2013 where 73 issues were discussed and resolutions made, including on:
- Twenty three (23) transactions of interest for the Company
- Preliminary approval of the Company’s annual financial reporting for 2012 and dividends distribution for 2012;
- Approval of audited financial reporting for 2012 of the Company’s subsidiary organizations;
- Approval of the Company’s and subsidiaries’ scheduled documents;
- Approval of the Company’s internal documents;
- Restructuring of non-core assets of the Company;
- Approval of the registers of risks, policy, rules and reports of the Company’s risks management
2014
Thirty seven (37) meetings of the Board of Directors were held in 2014 where 86 issues were discussed and resolutions made, including on:
- Thirteen (13) transactions of interest for the Company
- Election of the composition of the Company’s Board
- Approval of audited financial reporting for 2013 of the Company’s affiliated organizations;
- Approval of the planned documents of the Company and affiliated organizations;
- Approval of the Company’s internal documents;
- Restructuring of non-core assets of the Company;
- Approval of the registers of risks, policy, rules and reports of the Company’s risks management
2015
Thirty three (33) meetings of the Board of Directors were held in 2015 where 58 issues were discussed and resolutions made, including on:
- Eighteen (18) transactions of interest for the Company
- Approval of audited financial reporting for 2014 of the Company’s affiliated organizations;
- Approval of the planned documents of the Company and affiliated organizations for 2016;
- Approval of the Company’s internal documents;
- Establishment of ULBA-FA LLP
- Restructuring of non-core assets of the Company;
- Approval of the registers of risks, policy, rules and reports of the Company’s risks management
2016
Fifty one (51) meetings of the Board of Directors were held in 2016 where 93 issues were discussed and resolutions made, including on:
- Fifteen (15) transactions of interest for the Company
- Approval of audited financial reporting for 2015 of the Company’s affiliated organizations;
- Pre-approval of annual financial reporting of the Company for 2015;
- Approval of the planned documents of the Company and affiliated organizations for 2016 and 2016-2020;
- Approval of the Company’s internal documents;
- Re-structuring of the Company’s non-core assets;
- Approval of the registers of risks, policy, rules and reports of the Company’s risks management
- Approval of the key activity index of the Company Board Chairman and members for 2016;
- Approval of the Company’s strategy for 2016-2025.
2017
Seventeen (17) meetings of the Board of Directors were held in 2017 where 85 issues were discussed and resolutions made, including on:
- Three (3) transactions of interest for the Company;
- Approval of audited financial reporting for 2016 of the Company’s affiliated organizations;
- Preliminary approval of the Company’s annual financial reporting for 2016;
- Approval of the planned documents of the Company for 2017 and 2017-2021;
- Approval of the Company’s internal documents;
- Restructuring of non-core assets of the Company;
- Approval of the registers of risks, risk map, risk appetite and reports of the Company’s risks management;
- Approval of the performance factors of the Company’s Board Chairman and Board members for 2017.
2018
Twenty-five (25) meetings of the Board of Directors were held in 2018 where 86 issues were discussed and resolutions made, including on:
- Eight (8) transactions of interest for the Company;
- Approval of UMP JSC’s internal documents;
- Approval of risk registers, risk map, risk appetite and reports of UMP JSC’s risks management;
- Approval of the performance factors of UMP JSC’s Executive Board Chairman and members for 2018;
- Approval of Regulation for UMP JSC Internal Audit Service;
- Approval of internal regulatory documents and plans of UMP JSC Internal Audit Service;
- Approval of Regulations for Remuneration and Bonus Payment for UMP JSC Employees;
- Approval of UMP JSC development strategy for 2018-2028.
2019
Nineteen (19) meetings of the Board of Directors were held in 2019, where 92 issues were discussed and resolutions made, including on:
- Approval of UMP JSC Board of Directors Work Plan for 2019;
- Appointment of UMP JSC Corporate Secretary;
- Approval of Report on Implementation of UMP JSC Sustainable Development Program in the Field of Corporate Social Responsibility in 2017-2019 for 2018;
- Approval of Action Plan for Minimizing the Risks of Non-Compliance with the Applicable Regulatory Requirements in the Field of Compliance at UMP JSC;
- Approval of UMP JSC business plan documents for 2020 and development plan for 2020-2024;
- Five (5) transactions of interest for the Company;
- Approval of risk registers, risk map, risk appetite and reports of UMP JSC risks management;
- Approval of Assessment Procedure for Corruption Risks at UMP JSC;
- Approval of Key Performance Indicators (KPIs) Map of UMP JSC Executive Board Chairman and members for 2019;
- Approval of Key Performance Indicators (KPIs) for UMP JSC Internal Audit Service staff for 2020.
- Approval of Key Performance Indicators (KPIs) Map of UMP JSC Corporate Secretary for 2019;
- Approval of payment of 2018 annual performance-based remuneration to UMP JSC Executive Board Chairman and members;
- Approval of quarterly reports on UMP JSC Internal Audit Service activity;
- Approval of quarterly reports of UMP JSC Corporate Secretary;
- Approval of Rules for Determining the Size of Official Salaries, Conditions of Remuneration, Bonuses Payment and Assessment of UMP JSC Top Managers.
- Approval of updated financial and economic indicators of UMP JSC Development Strategy for 2018-2028.
2020
Twenty (20) meetings of the Board of Directors were held in 2020, where 117 issues were discussed and resolutions made, including on:
- Approval of UMP JSC Board of Directors Work Plan for 2020;
- Approval of Report on Implementation of UMP JSC Sustainable Development Program in the Field of Corporate Social Responsibility in 2017-2019 for 2019;
- Approval of Action Plan for Minimizing the Risks of Non-Compliance with the Applicable Regulatory Requirements in the Field of Compliance at UMP JSC;
- Approval of the documents regulating internal activities of UMP JSC;
- Approval of UMP JSC business plan documents for 2021 and development plan for 2021-2025;
- Nine (9) transactions of interest for the Company including
- 4 bid deals and 1 deal with the cost of ten and more percent of the total balance cost of the assets by the joint-stock company;
- Approval of risk registers, risk map, risk appetite and reports of UMP JSC risks management;
- Election of UMP JSC Board Chairman, defining his salary and terms of payment and bonus;
- Assignment of the UMP JSC Risk and Compliance Officer, defining his authorities, defining his salary and terms of payment and bonus and social support, approval of his labor contract terms;
- Approval of Key Performance Indicators (KPIs) Map of UMP JSC Executive Board Chairman and members for 2020;
- Approval of Key Performance Indicators (KPIs) for UMP JSC Internal Audit Service staff and Corporate Secretary and Compliance Officer;
- Approval of payment of 2019 annual performance-based remuneration to UMP JSC Executive Board Chairman and members;
- Approval of quarterly reports on UMP JSC Internal Audit Service activity, Corporate Secretary and Risk and Compliance Officer of UMP JSC;
- Review of quarterly reports by UMP JSC Executive Board Chairman on financial and production issue of the Company;
- Approval of Rules for Determining the Size of Official Salaries, Conditions of Remuneration, Bonuses Payment and Assessment of UMP JSC Internal Audit Unit, Corporate Secretary and Risk and Compliance Officer;
- Approval of 2019 Performance of UMP JSC Development Strategy for 2018-2028.
